2012 Ford Escape Insurance Cost – 8 Savings Tips

Looking for better insurance coverage rates for your Ford Escape? Having to pay for high-priced Ford Escape insurance can dry up your monthly budget and possibly require postponing other expenditures.

Numerous insurance companies battle to insure your vehicles, so it’s not easy to compare every insurance company to find the lowest rate possible.

If you have car insurance now, you stand a good chance to be able to cut costs considerably using this strategy. Finding affordable coverage is not rocket science. Nevertheless, vehicle owners need to learn the methods companies use to market on the web.

You may qualify for discounts

Some companies don’t necessarily list their entire list of discounts in a way that’s easy to find, so the list below gives a summary of some of the best known as well as the least known credits available to bring down your rates. If you don’t get every credit possible, you are paying more than you should be.

  • Multi-line Discount – Companies who offer life insurance give lower prices if you buy life insurance.
  • Early Payment Discounts – If paying your policy premium upfront instead of paying each month you can avoid the installment charge.
  • Professional Memberships – Belonging to certain professional organizations can get you a small discount on your policy.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could save 15% off PIP or medical payments premium.
  • E-sign Discounts – A handful of larger companies will give you a small discount for signing up online.
  • Discount for Good Grades – Performing well in school may save you up to 25%. You can use this discount normally up to age 25.
  • Anti-lock Brake Discount – Cars, trucks, and SUVs that have anti-lock braking systems prevent accidents and earn discounts up to 10%.
  • Discounts for Responsible Drivers – Insureds who avoid accidents can save up to 40% or more on their insurance coverage quote on Escape coverage compared to accident prone drivers.

As is typical with insurance, many deductions do not apply to the entire cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will reduce the premium cost.

If you would like to view insurers that offer some of these discounts, click this link.

There’s no such thing as the perfect insurance coverage policy

When buying the right insurance coverage, there is no “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether you might need professional guidance.

  • Am I covered if I hit my neighbor’s mailbox?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does liability extend to a camper or trailer?
  • When do I need to add a new car to my policy?
  • I have health insurance so do I need medical payments coverage?
  • Does my car insurance cover rental cars?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Can you really save $398 a year?

Popular insurance providers such as Allstate and Progressive continually stream ads on television and other media. All the companies make the same claim that you’ll save big if you get a free insurance coverage quote and switch your insurance policy to them. But how can every company give you a lower rate? It’s all in the numbers.

Different companies have underwriting criteria for the type of driver that will most likely be profitable. For instance, a profitable risk profile might be described as between the ages of 30 and 50, has no prior claims, and has a high credit rating. Any new insured that meets those criteria will most likely get cheap prices and as a result will probably pay quite a bit less when switching companies.

Potential insureds who cannot meet these criteria will be charged higher prices which usually ends up with the prospect going elsewhere. The trick companies use is to say “customers who switch” not “everybody who quotes” will save that much if they switch. This is how insurance companies can make those statements. Because every company is different, drivers should get insurance coverage quotes as often as possible. Because you never know which company will have better prices than you’re paying now.

Insurance coverage specifics

Having a good grasp of your policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages found on the average insurance policy.

Collision protection

This will pay to fix damage to your Escape resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like rolling your car, damaging your car on a curb and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Coverage for liability

This will cover damage that occurs to a person or their property by causing an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims such as court costs, bail bonds, pain and suffering, structural damage and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Ford Escape.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from getting keyed and fire damage. The most a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for bills such as X-ray expenses, chiropractic care and dental work. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

The best insurance company isn’t always the cheapest

You just read many tips how you can reduce 2012 Ford Escape insurance prices online. It’s most important to understand that the more quotes you get, the better your comparison will be. You may even find the best prices are with a lesser-known regional company. These smaller insurers often have lower rates on specific markets than the large multi-state companies such as Allstate and Progressive.

Some auto insurance companies may not have rates over the internet small insurance companies work with independent agents. Cheaper auto insurance is definitely available online and with local insurance agents, and you need to price shop both to get a complete price analysis.

As you prepare to switch companies, don’t be tempted to reduce needed coverages to save money. Too many times, drivers have reduced uninsured motorist or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage at the best price while not skimping on critical coverages.

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